Up and Down Wall Street

The 10% Solution

Governments need more money, and the top tenth of households, measured by assets, has a lot of it. Next stop: a wealth tax.

Is this the Red Sox rally? With Boston a major hub of money managers and Connecticut the home to more than a few big hedge funds, euphoria swept through New England as the Sox took the World Series last week.

There were probably more than a few aching heads at trading desks around the region Thursday from celebrations the night before when New Englanders' beloved "Sawx" clinched at home in Fenway for the first time since...